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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
January 19
Zions Bancorp. in Salt Lake City lost $179.5 million, or $1.41 a share, in the third quarter, missing analysts' estimates by 17 cents.
A year earlier, Zions earned $33.3 million, or 31 cents a share
The $53.6 billion-asset company's provision for loan losses more than tripled from a year earlier but fell 25.8% from the second quarter, to $565.9 million. Nonperforming assets (including those acquired in deals assisted by the Federal Deposit Insurance Corp.) more than tripled from a year earlier and rose 34.5% from the second quarter, to $2.77 billion.
The company attributed its results mainly to losses on residential construction and other real estate loans. It also posted $56.5 million in credit-related impairment losses on collateralized debt obligations, compared to $42 million in the second quarter.
